Recent Nielsen data covering retail sales of beer over the last 12 weeks has indicated that Bud Light is third in the U.S. in sales, behind Constellation Brands' (STZ) Modelo and Michelob Ultra.

Anheuser-Busch InBev is the largest brewing company globally, with a wide range of popular beer brands under their umbrella, including Budweiser, Stella Artois, and of course, Michelob Ultra.

The beverage giant, facing a stagnating domestic beer market, said the two brews are helping it weather a volatile ...